DUBLIN--(BUSINESS WIRE)--The "Reactive Diluents Market by Type (Aliphatic, Aromatic, and Cycloaliphatic), Application (Paints & Coatings, Composites, Adhesives & Sealants), and Region (North America, Asia Pacific, Europe, Middle East & Africa) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The reactive diluents market is estimated at USD 818.9 Million in 2017 and is projected to reach USD 1,072.0 Million by 2022, at a CAGR of 5.5% between 2017 and 2022.
The growth is driven by the increasing demand for reactive diluents-based epoxy resins from end-use industries such as automotive, electronics, wind turbine, and construction & civil engineering. These end-use industries have a high consumption of paints & coatings, composites, and adhesives, which, in turn, increases the demand for reactive diluents. In addition, rising GDP, growing disposable income, increasing use of composites instead of conventional materials, and increasing number of product launches, expansions, and other development activities also drive the reactive diluents market, globally.
Asia Pacific is projected to be the largest market for reactive diluents during the forecast period. The demand for reactive diluents is high in the region due to the large industrial base. In addition to this, the increasing use of reactive diluents in the automotive and wind energy industries and related growth in emerging economies such as India, China, and South Korea also drives the reactive diluents market growth in the region.
The reactive diluents market in Asia Pacific is also projected to witness the highest growth during the forecast period, owing to the rising urbanization and standard of living, which, in turn, is expected to boost the demand for automobiles in the region during the forecast period. In addition, government initiatives and policies to attract investments from various international companies will boost the growth of the various end-use industries of reactive diluents and support the growth of the market in the region.
- Increasing Demand from Building & Construction, Automotive, and Marine Industries
- Need for Material With High Mechanical Strength, Lightweight, and Resistance to Corrosion
- Increasing Popularity of Alternative Resins
- Stringent Regulatory Consents and Saturated Use in Developed Economies
- Rapid Urbanization in Emerging Economies
- Rapidly Growing Wind Energy Industry
- High Volatility in Epoxy Resin Raw Material Prices
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macroeconomic Indicators
7 Reactive Diluents Market, by Type
8 Reactive Diluents Market, by Application
9 Reactive Diluents Market, by Region
10 Competitive Landscape
11 Company Profiles
- Adeka Corporation
- Aditya Birla Chemicals
- Atul Chemicals
- Bluestar Wuxi Petrochemical
- DIC Corporation
- Evonik Industries
- Hubei Phoenix Chemical Company
- IPOX Chemicals
- King Industries
- Kukdo Chemicals
- Sakamoto Yakuhin Kogyo
- Sir Industries
- Vertellus Holding
- Yuvraj Chemicals
For more information about this report visit https://www.researchandmarkets.com/research/gt5r3j/global_reactive?w=4